FXHighway

USDJPY starts the correction

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
248 views
6
Targets: 115.45
Risk: 119.90


Technical Reasons:

The ascending channel’s support line was broken, to begin intraday bearish correction.

The exponential moving average 50 negative pressure supports more correctional decline, and stochastic positivity might push the price for temporary recovery attempts.

Breaking 117.25 is considered as a confirmation key to extend the expected retracement.


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